Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
German chip maker Infineon sees growth after solid Q4/AFP

World

German chip maker Infineon sees growth after solid Q4

German chip maker Infineon sees growth after solid Q4/AFP

German chip maker Infineon sees growth after solid Q4/AFP

FRANCFORT, November 27- German semiconductors giant Infineon said Thursday it will pay an increased dividend for the year to September and forecasts further sales growth after a solid fourth quarter.

Infineon, which runs its business year from October to September, said in a statement that its net profit rose by 27 percent to 181 million euros ($226 million) in the fourth quarter.

Fourth quarter sales were up 12 percent at 1.175 billion euros.

Chief executive Reinhard Ploss said the group had been “well prepared to handle steeply rising demand from our customers and therefore always able to deliver reliably. Revenue, earnings and margin all saw solid increases, in line with our expectations.”

As a result, shareholders would “participate in this success and we are therefore proposing a dividend of 0.18 euros per share,” Ploss said.

“Despite a challenging market environment, we plan to continue growing in the current 2015 fiscal year,” he continued.

“For the 2015 fiscal year, based on an assumed exchange rate of $1.30 to the euro, Infineon forecasts a year on year growth in revenue of 8 percent, plus or minus 2 percentage points,” Ploss said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...